Business

A new paradigm in subterranean termite protection for buildings has been introduced to Sri Lanka by the Hayleys Group to offer an eco-friendly long-term solution for a problem that affects an estimated one in five houses in the country.

For a continent that attributes itself to man’s evolution some 6 million years ago and reminds us our roots are in Africa, there is little other than famine, drought, poverty, disease, poor leadership, religious conflicts, ethnic conflicts that depicts Africa.

Sri Lanka’s listed corporates so far have incurred over Rs.5.7 billion loss as foreign exchange losses due to the depreciation of the Lankan rupee (LKR) against the US dollar, a quick compilation of data by Mirror Business revealed.

With a reputation for consistently delivering innovative and creative ideas that work, BBDO Lanka, a part of BBDO Worldwide, presented an idea that has the potential to revolutionize the scope of environmental conservation. The launch of Asia’s first mechanical air cleaning hoarding – a hoarding that actually filters certain harmful content from the surrounding air, purifies it and releases the purified air back to the environment.

Staff meetings have become a vital and inevitable part of day-to-day business. If conducted with proper etiquette, all participants – including the leader can leave the meeting with that warm feeling that they have accomplished a lot,

The key function of the primary market is to facilitate capital growth by enabling individuals to convert savings into investments. It facilitates companies to issue new stocks to raise money directly from households for business expansion or to meet financial obligations.

Exorbitant taxes on alcoholic beverages, particularly beer, in combination with other restrictions on sales and marketing may inadvertently fuel the demand for illicit liquor, according a Chief Executive Officer, Lion Brewery (Ceylon) PLC.

The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at the J W Marriott Hotel in Kuala Lumpur on April 27.

Responding to the statement made by the Tea Exporters Association (TEA) on Tuesday, the Planters’ Association of Ceylon (PA) yesterday said that they are completely against the proposed importation of orthodox black teas of foreign origin to the country.

Sri Lanka’s tea exporters yesterday said that they are committed to preserve the brand ‘Pure Ceylon Tea’, but stressed the country’s export share in the world tea market should be expanded to avoid deterioration of Sri Lanka’s position as a major tea exporting nations.

Ceylinco Insurance – General recognised and handsomely rewarded its dynamic and dedicated sales team, at the recently concluded Annual Sales Conference and Awards Ceremony 2011.

United National Parliamentarian and economist Dr. Harsha de Silva releasing a statement said that the alleged misuse of public funds in the controversial The Finance National Savings Bank deal is ‘peanuts', when compared with alleged fraudulent transactions involving the Central Bank managed Employees' Provident Fund (EPF) in the Colombo Stock Exchange, for the last two years.

A former tea industry personality plans to file legal action once again, this time on the grounds of ‘Contempt of Court’, in relation to the recent talks by authorities for setting up a tea hub or blending centre in the island.

By Dr. N.Yogaratnam
Expectations of a faster global economic growth have been partly dampened by worries of China’s economic slowdown and higher energy prices even as outlook for the U.S. and Japan has brightened.

By Indika Sakalasooriya
Q:Has your perception about Colombo Stock Exchange changed after becoming the regulator?
Well, Colombo Stock Exchange compared to some of the more mature capital markets was not really performing up to expectations. I’m not talking about volumes, but the regulatory aspects of the market...........

By Chrishan Fernando
The world has become highly instrumented, interconnected, and intelligent: From our food and water, to our energy, homes and transportation, to our cities and government and, of course, our businesses. ‘Gadgets, mobility, connectivity and speed’ is the axiom of today’s technology-driven world.

If you are a manager or a supervisor who would conduct regular meetings with your team members, the following scenario might be a common experience for you.  
You discuss with the participants about an important issue, offer your recommendation then ask the question: “Are we all agreed on this?” All team members agree in unison but upon leaving the room, (give or take five minutes) majority of the same people begin to complain about the decision.

Sri Lanka’s Securities and Exchange Commission (SEC) is to establish an ‘Investor Association’ to safeguard minority shareholder interests as well as function as a whistleblower against unlawful activities taking place in the Colombo Stock Exchange (CSE), a top SEC official said.

Securities and Exchange Commission (SEC) is said to be currently evaluating the legal options available to reverse the Rs.390 million controversial The FinanceNational Savings Bank deal, Mirror Business learns.

Dialog Axiata PLC recorded a net loss of Rs.531 million in the first quarter ending March 31, 2012 against a net profit of Rs.1 billion in the corresponding quarter of the previous year.